The 0.2% Crypto Wealth Charge in Italy: How to Compute It

Italy taxes crypto twice over, in two structurally different ways. One tax hits gains when you dispose. The other hits value simply for being held. Filers who only think about the first are the ones who get a surprise, because the second is owed in years when nothing was sold at all.

What the charge is

An annual charge of 0.2% applies to the value of crypto assets held, measured at 31 December or at the date of disposal, and it is declared in Quadro RW.

Read that again with the emphasis in the right place: it is charged on the value held, not on any gain. Buying and holding, with no disposals, no swaps and no income, still produces this charge if you held crypto assets during the year.

Working the calculation

1. Establish what you held. Every exchange account, every self custody wallet, every position. Quadro RW covers crypto assets held abroad and in self custody.
2. Fix the valuation date. 31 December for what you still hold, or the disposal date for what you disposed of during the year. This is the detail that makes the arithmetic more than a single snapshot.
3. Value each holding in euros at its valuation date, using a consistent price source. Document which source you used, because you will be asked to reproduce it.
4. Apply 0.2% to the value.
5. Prorate for the holding period where an asset was not held for the whole year, which is what makes the disposal date valuation date matter.

Verify the current rate, the proration mechanics and any minimum or exemption with the Agenzia delle Entrate before relying on this, since the framework has changed more than once.

The mistakes that recur every season

• Assuming no sale means no filing. The single most common error. Quadro RW is about what you held, not what you did.
• Valuing everything at 31 December. Assets disposed of during the year take the disposal date, not year end.
• Omitting self custody. A hardware wallet is not outside the scope because no intermediary knows about it.
• Using an inconsistent price source. Different venues for different tokens, or different times of day, produces a number nobody can reproduce, including you next year.
• Confusing this with the gains tax. The substitute tax on gains is 26% for gains realised in 2025 and 33% from 1 January 2026, with a reduced 26% for MiCAR-compliant euro stablecoins. That is an entirely separate computation from the 0.2%.

Where it sits on the return

Quadro RW carries the holdings and the 0.2% charge. Quadro RT carries capital gains and losses. Quadro RL or RE carries other crypto income where applicable. All three are filed through Modello Redditi PF, or through Modello 730 where you meet its requirements.

The tax year is the calendar year, with tax on the previous year's gains due by 30 June and a second instalment following.

Why the record keeping is harder than it looks

A gains computation only needs the transactions. This charge needs balances at a point in time, per asset, per venue, valued consistently. That is a different query against your data, and it is the one most people cannot answer for a year that has already closed, because exchanges show you today's balance rather than last 31 December's.

Capturing year end balances as the year ends, rather than reconstructing them in June, is the whole difference here.

Our Quadro RW guide covers the declaration, and Italian crypto tax covers the full framework.

General information, not tax advice. Rules change and depend on your circumstances. Confirm the current position with the relevant tax authority or a qualified tax professional.